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  "documentTitle": "Dollarama Inc. (DOL)",
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  "authorName": "Ben Axler",
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  "presentationDate": "2018-10-31 00:00:00",
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  "notes": "The slide uses a table to categorize 'Revenue', 'Cost', and 'Accounting' levers across fiscal years 2013-2018 to support the argument that management is running out of ways to artificially inflate margins.",
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      "text": "Is this a sustainable practice as value-oriented customers lose faith in Dollarama?",
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      "text": "\"Thanks and good morning. In the write up, in the discussion of the foreign exchange headwinds and gross margin you also said you made select changes to your product mix. I am just wondering if you could elaborate are there certain categories that your emphasizing in certain categories, you are deemphasizing I am just wondering what that sentence really meant?\" — Peter Sklar, BMO Capital Markets; \"It's really an item by item discussion. Where the compelling value remains and we are able to take for example two pencils out of a pack and still be competitive to help with offsetting some of the headwinds, that's the way we handle it or in other cases if we replace the product with a new offering that's just as compelling but different at a lower cost potentially. That's another way Buyers can use that tool to help them with current challenges.\" — Michael Ross, CFO, Dollarama",
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